EUR remains biased to the selltrend in the medium term, it faces the risk of a recovery higher triggered on Friday ( daily chart see). If this continues, expect further upside towards the 1.3700 point where break will aim at the 1.3774 point. A break set the stage for a run at the 1.3839 point. Further out, resistance resides at the 1.3905 point and 1.3900 point.
On the other hand, support lies at the 1.3685 point, its May 2014 downtrend. A breach of here will resume its broader selltrend and aim at the 1.3600 point. Further down, support stands at the 1.3550 point where a violation will target the 1.3500 point. We look to buy this pair on recovery higher following its recent weakness.
finally,eur/usd some time go downtrend following target point ,then uptrend.but uptrend RECOVERY RISK HIGHLY.
On the other hand, support lies at the 1.3685 point, its May 2014 downtrend. A breach of here will resume its broader selltrend and aim at the 1.3600 point. Further down, support stands at the 1.3550 point where a violation will target the 1.3500 point. We look to buy this pair on recovery higher following its recent weakness.
finally,eur/usd some time go downtrend following target point ,then uptrend.but uptrend RECOVERY RISK HIGHLY.
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